Clearinghouses Own the Products That They Deliver to Internet Purchasers

question 74

True/False

Clearinghouses own the products that they deliver to Internet purchasers.

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Definitions:

Operating Income

The profit realized from a business's core operations, excluding income from investments and the effects of taxes and interest.

Variable Costs

Costs that vary in direct proportion to the level of production or sales volume, like raw materials and direct labor.

Fixed Costs

Costs that do not vary with the level of production or sales over a specified period, such as rent or salaries.

Operating Income

The profit realized from a business's operations after subtracting operating expenses from gross profits.